Summary
- Tether said it expects to record about $15 billion in net profit this year.
- Paolo Ardoino, CEO, emphasized Tether's high profitability through the prospect of achieving a 99% net profit margin.
- Tether said it focuses on synergy and expanding influence rather than raising investment.
Stablecoin issuer Tether is expected to record about $15 billion (approximately 21.597 trillion won) in net profit this year.
On the 25th (local time), Bloomberg reported that Paolo Ardoino, Tether's CEO, said in an interview at the Plan B Forum, "This year Tether is expected to achieve $15 billion in net profit, and its net profit margin is expected to reach 99%. This is a figure that shows Tether's operational efficiency and high profitability," he said.
He also emphasized, "Tether aims to cooperate with investors who can create synergies and expand influence rather than simply attracting investment."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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